Hi mgland, good to hear from you. :) Welcome to the board. :) Thanks a lot for the informative SPX chart. :) The SPX is completing a decade-long broadenng-top formation after which IMVHO will lead to an eventual very serious decline over the next 1-2 years. Here is the deteriorating SPX daily chart: http://stockcharts.com/c-sc/sc?s=$SPX&yr=0&mn=2&dy=0&i=p61736128145&r=1354296165007.png Good luck on all of your trades. Best, Bob